Massachusetts Banking Partners
Lender Name: Medway Cooperative Bank
Contact Name: Melvin R. McKee
Contact e-mail: mmckee@medwaycoopbank.com
Contact phone/fax: (508) 533-8661/Fax (508) 533-3850
Address: 70 Main Street
City: Medway
State: MA
Zip: 02053
Geographic Service Area: Greater Medway, including, but not limited to, Bellingham, Franklin, Holliston, Hopedale, Medway, Mendon, Milford, Millis and Norfolk.
Description of Product:
- Eligible businesses: local small businesses located in the Bank’s geographic territory with emphasis on those creating new job opportunities locally
- Type of business: all types.
- Loan size: Minimum: $10,000; Maximum: $50,000.
- Interest rate: 25 basis points below standard commercial loan rates.
Technical Assistance Partners:
The Bank will choose to
- Work with not-for-profit intermediaries to assist small business owners through the financing process from loan application through closing. Community partner intermediaries may include community development corporations, other nonprofit training and counseling organizations, and government agencies or departments that support neighborhood and economic development.
- Use established and updated list on www.mass.gov/bizteam.
- Name specific technical assistance providers.